The price bounced on the daily support of 0.06$ after a big bearish impulse.
On the 4h timeframe, the price is testing the 0.382 Fibonacci level inside a bear flag
How to approach it?
The price could get new liquidity from 0.5 Fibonacci level and create a new bearish impulse. So, if the price is going to lose the bearflag and retest the support as new resistance we could see a double bottom on 0.06$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
On the 4h timeframe, the price is testing the 0.382 Fibonacci level inside a bear flag
How to approach it?
The price could get new liquidity from 0.5 Fibonacci level and create a new bearish impulse. So, if the price is going to lose the bearflag and retest the support as new resistance we could see a double bottom on 0.06$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Not
The price is testing the supportLet's see if the market is going to satisfy our rules for a new short position
Not
14% so far so good!Not
16% after my callNot
The price is creating equal lows above the demand zone.
We could see a new bearish movement in order to grab new liquidity on 0.055$
Not
17% so far and the price is going to grab new liquidity from 0.055$ as I Told you.Not
20% so far
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.